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BTCC / BTCC Square / Global Cryptocurrency /
Trump Tariffs Stifle US Job Growth as Businesses Halt Expansion

Trump Tariffs Stifle US Job Growth as Businesses Halt Expansion

Author:
Global Cryptocurrency
Published:
2025-09-15 03:18:02
20
1
BTCCSquare news:

The US labor market has ground to a halt as companies grapple with the Ripple effects of Trump's tariff policies. Manufacturing, wholesale, retail, and energy sectors are bearing the brunt, with hiring freezes and layoffs becoming commonplace. Business leaders cite rising costs and policy uncertainty as key deterrents to growth.

Julie Robbins, CEO of EarthQuaker Devices, illustrates the strain. Her Ohio-based guitar pedal manufacturer has shelved plans to expand its 35-person team by 10% due to what she calls 'unexpected taxes' on operations. 'We can't hire or invest without predictable costs,' Robbins states, echoing a sentiment widespread among US manufacturers.

|Square

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